Bitcoin is notoriously unpredictable. Since its inception almost 10 years ago, this cryptocurrency has gone through boom and recession that often defy logic – with some people calling it the “magic internet money”.

Unprecedented Rise

Still, with this shaky history, bitcoin’s abrupt price rise on 12 April 2018 was exceptional. In about one hour, its value rose by over $1,000, driven by busiest 60 minutes trade volume since its inception. Where over a billion bitcoin…